LibLab, a developer tools company that offers an SDK-as-a-Service platform to engineering teams, has raised $42 million in Series A funding to extend its SDK code generation services. The round was headed by Insight Partners, a global software investor, with investments from new and existing investors such as Zeev Ventures, Stepstone, Sheva, and Rainfall. Zeev Ventures has previously invested $8 million in LibLab as startup finance. This brings LibLab's total fundraising to $50 million.
Companies construct SDKs to enable language-specific access patterns to their API services, but establishing an SDK in multiple languages at the same time is difficult; each language has its own set of requirements that change over time. LibLab is working on SDK development tools, including an open-source code generator that allows developers to easily construct SDKs for their API services in a variety of languages.
Sagiv Ofek, the company's CEO and a seasoned engineering leader, launched LibLab in 2022. When Sagiv established his first firm, he needed to support various languages with minimal engineering resources, and he first felt the pain of designing SDKs. However, Sagiv later learned the added value that well-built SDKs could bring to businesses when heading big engineering teams at enterprise corporations — faster developer adoption, easier integration, and regulated API access. Sagiv also noticed the need for better automation and developer tools that sync APIs, SDKs, and documentation.
"APIs are the modern communication layer of the internet, and SDKs make them more accessible to developers while providing necessary safeguards for using them. LibLab is automating the entire lifecycle of SDKs – from development to maintenance – so that customers can focus on their core business instead," said Sagiv Ofek, CEO of LibLab.
LibLab's SDK package includes everything a developer needs to immediately interact with the API, including authentication, routing, error handling, and security. The solution also includes a developer site and a documentation page, ensuring that APIs, SDKs, and documentation are always up to date.
The service is now in closed beta, and the open-source engine should be available soon.
About LibLab
Companies that desire SDKs for their APIs can use LIBLAB's SDK-as-a-Service. It uses best practices to create and manage client libraries such as SDKs in many languages. Its core service is open source, and we are a developer tools company that focuses on creating client libraries that are clean, elegant, manageable, and automated. Sagiv Ofek created the corporation in the year 2022.
About Insight Partners
Insight Partners is a major worldwide venture capital and private equity firm focused on high-growth technology and software ScaleUp companies that are driving industry transformation. Insight Partners, which was founded in 1995, has invested in over 400 firms around the world and raised more than $30 billion in capital commitments through a succession of funds. The objective of Insight is to locate, fund, and work successfully with visionary CEOs by giving them practical, hands-on software knowledge that will help them achieve long-term success. Insight fosters a culture based on the premise that ScaleUp firms and growth generate opportunities for everyone.
